The Brexit mish-mash once again had a short-term impact on the Market. Uncertainty is never a good thing except for volatility trades.
GBP/JPY should continue to trade above key support at 143.72 for a rally back to and above resistance at 147.79 for a continuation towards the channel resistance-line near 150.30.
Only an unexpected break below key support at 143.72 will invalidate our bullish outlook and shift our preferred count.
We are long GBP from 144.80 and we have placed our stop+revers at 143.65.The material has been provided by InstaForex Company - www.instaforex.com